Economy grows 1.1% during first quarter of 2018

According to the INEGI, the growth rate during the first quarter of 2018 is the highest since the third quarter of 2016
Economy grows 1.1% during first quarter of 2018
File photo/EL UNIVERSAL
23/05/2018
11:05
Rubén Migueles
Mexico City
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During the first quarter of 2018, Mexican economy showed an increase of 1.1% regarding the previous quarter, based on adjusted numbers for seasonality, according to numbers reviewed by the National Institute of Statistics and Geography (INEGI). This quarterly growth rate is the highest recorded since the third quarter of 2016.

The Gross Domestic Product (GDP) of the activities related to the services industry grew 1.1% between January – March 2018, and the agriculture and industry sectors by 0.9% each during the previous quarter.

Comparing the current GDP with the one of the previous year,  for the same time period, we can see there was real increase of 2.3% during the first quarter of 2018, a number slightly below the 2.4% reported initially by the slightly

The GDP of the agriculture and livestock industry rose 5.2% and the services rose 2.9% and of the industries by 0.3%.

The numbers of this marker were reviewed when they were integrated to the latest basic statistical information available and when the conciliation between the quarter and annual calculations of the System of National Accounts, based on the Assets and Services Accounts 2016 recently published.

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